IvanLabrie
Long

GBPUSD: Potential for uptrend continuation

FX:GBPUSD   British Pound/U.S. Dollar
7 months ago
The Pound is offering an interesting setup in the daily and weekly charts.
We can enter longs at market open with a stop under 1.4421, and aim for 1.52065, which will be fully confirmed if we get a strong weekly advance and don't retest the weekly mode support.
I reccomend risking between 0.5 and 1%.
Check out my updated track record here: http://pastebin.com/6CyyqnPT

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Cheers!

Ivan Labrie

Link to Tim West's chatroom: https://www.tradingview.com/chat/#c8BzrhGRvXxGXWnJ
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.


Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance             on such information.
7 months ago
Trade closed: stop reached: GBPUSD took a nose dive out of nowhere on absolutely NO news...rigged much?
I'm flat, after getting stopped for a minor loss, and don't intend on trading this pair for now. I reccomend not touching it before the 23rd, if this is going to be the norm.
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Equities and Commodities. Contact: skype @ ivanlabrie, PM here or QQ (2954487803).
NickCoulby PRO
7 months ago
Looks great
+1 Reply
Alex.Singletary
7 months ago
YES!!
+1 Reply
IvanLabrie PRO Alex.Singletary
7 months ago
Let's see if we can get this one...the target isn't confirmed yet, but will be by the end of next week if all goes well.
+1 Reply
Alex.Singletary IvanLabrie
7 months ago
expecting a pretty quick impulse. Add if you can around 1.4475 (if it gets there lol)
+1 Reply
moorekapital
7 months ago
AGREED! I think I see similar long signal. However, we're in a Trading Range, capped around 1.476644 neighbourhood. Would be great to see what happens there.
+1 Reply
IvanLabrie PRO moorekapital
7 months ago
Yes, this is speculation that we'll go from ranging to trending up.
+1 Reply
farid_ardavani
7 months ago
this is my view.
snapshot
+1 Reply
IvanLabrie PRO farid_ardavani
7 months ago
Seems reasonable Farid. Let's see if we get reasons to sell at the top. For now, the dollar has taken a fatal blow, and there is no ground for dollar strength until more information is available.
+2 Reply
Alex.Singletary
7 months ago
Brexit poll
+1 Reply
IvanLabrie PRO Alex.Singletary
7 months ago
Now? 100% bs...I won't hand them my money. Might be an untradeable chop until these events are resolved during June.
+1 Reply
just shorted it....
+1 Reply
IvanLabrie PRO BernhardAnalytics
7 months ago
I'd rather not trade it personally. I'll wait for something clear.
+1 Reply
BernhardAnalytics PRO IvanLabrie
7 months ago
gbpusd is too fast and a bit crazy, better not trade it if you are not watching it or if you are slow.
Reply
IvanLabrie PRO BernhardAnalytics
7 months ago
Yes, it's too volatile right now.
Reply
Gareth_Roberts
7 months ago
2 polls released Sunday both put the leave campaign ahead of the remain camp.
+1 Reply
IvanLabrie PRO Gareth_Roberts
7 months ago
Interesting, a strange time to release that information but well. Thanks.
Things will get volatile fast at this rate.
I'll watch for now.
+1 Reply
moneymaking
7 months ago
yeah mate, very weird reaction today seeing from this pair. I think the brexit is starting to have some effect on it.
Reply
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